Medical Ceramics Market to Generate $4,477.7 Million Revenue by 2030

The medical ceramics market size is expected to advance at a CAGR of 7.3% during 2022–2030, to reach USD 4,477.7 million by 2030. This is ascribed to the rising number of hip and knee replacement surgeries due to the increasing incidence of musculoskeletal conditions, as well as the growing demand for implantable devices. Additionally, the rising research and development activities for novel medical ceramics will drive the growth of the market.

Technological Advancements in Plastic Surgeries Positively Impacting Market

As the healthcare industry is continuously becoming more advanced, ceramics are gaining more significance, due to the rising prevalence of various diseases. There is a constant rise in the government investments and count of initiatives for enhancing the overall quality of care and the patient outcomes, which are further fueling the growth of companies manufacturing medical ceramics.

Nowadays, plastic surgeries are becoming more common due to the evolution in the science of rebuilding, reconstructing, or changing the human body’s appearance. With the advancements in the field of surgery and in the healthcare infrastructure, medical ceramics’ area of application is expanding.

Orthopedic Application To Show Fastest Growth

The orthopedic application category is expected to show the fastest growth. The key factors driving the growth of the orthopedic category are the increasing incidence of road accidents and falls, all of which cause pain in the lower portions of the body. Moreover, according to the National Institutes of Health (NIH), approximately 1.5 million people in the U.S. suffer from a fracture because of a bone disorder. Additionally, 4 in 10 women aged 50 or above in the U.S. have a hip, spine, or wrist fracture.

With the use of orthopedic implants, the strengthening or replacement of an injured bone, joint, or cartilage becomes easier. The ceramics used in orthopedic implants contain aluminum oxide and calcium phosphate, both of which are resistant to compression. Additionally, one of the most-commonly utilized medical ceramics is Zirconia, as it possesses exceptional strength.

Asia-Pacific Offering Lucrative Growth Potential to Medical Ceramic Providers

The Asia-Pacific industry is expected to grow with a CAGR of about 9% during the forecast period, due to the significant enhancement in the healthcare infrastructure in the region. Here, China, South Korea, and Japan are the three largest buyers of ceramic materials for healthcare purposes.

The major driving factors for the growth in the usage of medical ceramics in these countries are the increasing number of patients going through knee and hip replacement surgeries, easy availability of treatments in the region, and growing number of research facilities. Additionally, people in the region are highly susceptible to dental avulsion, tooth decay, and gum diseases, all of which cause tooth loss. Therefore, the rising number of patients going for dental surgeries is also significantly driving the revenue growth in the medical ceramics sector of this region.

Moreover, the growing public and private investments in advanced healthcare infrastructure in the emerging economies, such as India and China, will propel the medical ceramics industry over the coming years. In addition to that, the increasing aging population in these countries is leading to the progress of the market.

The most-significant medical ceramics market players are CeramTec GmbH, Kyocera Corporation, 3M Company, Morgan Advanced Materials, Envista Holdings Corporation, Tosoh Corporation, H.C. Starck Tungsten Powders, Coorstek Inc., Superior Technical Ceramics, and Noritake Co. Limited.